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Special package to address debt burden of farmers

News and Press Release - Dated:- 1-8-2017 - The Government has taken the following initiatives to reduce the debt burden of farmers: With a view to ensuring availability of agriculture credit at a reduced interest rate of 7% p.a. to farmers, the Gove .....

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rs who repay their short term crop loan in time, thereby reducing the effective rate of interest to 4% p.a. for such farmers. Reserve Bank of India (RBI) has issued master directions on relief measures to be provided by lending institutions in areas .....

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g of loans has been reduced from 50% to 33% crop loss, in line with the National Disaster Management Framework. In addition, as per the Priority Sector Lending Guidelines issued by RBI, loans to distressed farmers to repay non-institutional lenders, .....

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ss/ damage arising out of unforeseen events; stabilizing the income of farmers to ensure their continuance in farming; and encouraging them to adopt innovative and modern agricultural practices. For development of agriculture and welfare of farmers o .....

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urity Mission (NFSM) iii. National Agriculture Market (e-NAM) iv. National Mission For Sustainable Agriculture (NMSA) Post demonetisation, Government has taken the following relief measures for the farmers in the cooperative sector: i. An additional .....

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